Plug Power Inc, an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
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Industry, Sector and Symbol
Industry Electrical industrial apparatus
Sub-IndustryN/A
SectorIndustrial Products
Phone518-782-7700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$174.63 million
Profitability
Miscellaneous
Employees575
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable
Plug Power (NASDAQ:PLUG) Frequently Asked Questions
What is Plug Power's stock symbol?
Plug Power trades on the NASDAQ under the ticker symbol "PLUG."
How were Plug Power's earnings last quarter?
Plug Power Inc (NASDAQ:PLUG) issued its quarterly earnings results on Tuesday, August, 6th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. The electronics maker earned $57.07 million during the quarter, compared to the consensus estimate of $52.47 million. Plug Power had a negative net margin of 44.51% and a negative return on equity of 6,435.09%. The firm's quarterly revenue was up 62.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. View Plug Power's Earnings History.
When is Plug Power's next earnings date?
What price target have analysts set for PLUG?
4 brokers have issued 12-month target prices for Plug Power's shares. Their predictions range from $1.30 to $4.00. On average, they expect Plug Power's share price to reach $2.95 in the next year. This suggests a possible upside of 5.4% from the stock's current price. View Analyst Price Targets for Plug Power.
What is the consensus analysts' recommendation for Plug Power?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plug Power.
What are Wall Street analysts saying about Plug Power stock?
Here are some recent quotes from research analysts about Plug Power stock:
- 1. According to Zacks Investment Research, "Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America's largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. " (9/18/2019)
- 2. HC Wainwright analysts commented, "We believe revenue strength in the quarter was driven by continued uptake in deployments and recognition from some of the shift that took place in 1Q19. Plug reported deploying 2,000 GenDrive units in the quarter, a 70% YoY increase, and now has a total of approximately 28,000 fuel cell systems deployed in the market. GAAP and adjusted gross profit for the quarter was $10.1M or gross margin of 17.3% of revenues vs. a gross loss of $6.8M, or a gross loss margin of 29.7% in 1Q19, supported by higher revenues. We believe the higher revenue periods in 2H19 should keep gross margins in the black. However, investors should expect GAAP gross margins to fluctuate depending on the impact of provision related to warrants until a cumulative of $600M of qualified purchases have been reached with Amazon (AMZN; not rated) and Walmart (WMT; not rated)." (8/7/2019)
Has Plug Power been receiving favorable news coverage?
Media stories about PLUG stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Plug Power earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave headlines about the electronics maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Plug Power.
Who are some of Plug Power's key competitors?
What other stocks do shareholders of Plug Power own?
Who are Plug Power's key executives?
Plug Power's management team includes the folowing people:
- Mr. Andrew J. Marsh, Pres, CEO & Director (Age 63)
- Mr. Paul B. Middleton, Sr. VP & CFO (Age 52)
- Mr. Keith C. Schmid, Sr. VP & COO (Age 56)
- Mr. Gerard L. Conway Jr., Sr. VP, Gen. Counsel & Corp. Sec. (Age 54)
- Mr. Jose Luis Crespo, VP of Global Sales (Age 49)
Who are Plug Power's major shareholders?
Plug Power's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.49%), Vanguard Group Inc. (4.99%), KAMES CAPITAL plc (1.96%), State of New Jersey Common Pension Fund D (1.67%), Northern Trust Corp (1.07%) and Invesco Ltd. (0.94%). Company insiders that own Plug Power stock include Andrew Marsh, George C Mcnamee, Gerard L Conway Jr, Gregory B Graves and Liquide Investissements D' Air. View Institutional Ownership Trends for Plug Power.
Which major investors are selling Plug Power stock?
PLUG stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., KBC Group NV, State of New Jersey Common Pension Fund D, Price T Rowe Associates Inc. MD, Jane Street Group LLC, New Jersey Better Educational Savings Trust and NJ State Employees Deferred Compensation Plan. View Insider Buying and Selling for Plug Power.
Which major investors are buying Plug Power stock?
PLUG stock was purchased by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Nuveen Asset Management LLC, Vanguard Group Inc., Invesco Ltd., DekaBank Deutsche Girozentrale, Nomura Holdings Inc., Nomura Holdings Inc. and Balyasny Asset Management LLC. Company insiders that have bought Plug Power stock in the last two years include Andrew Marsh and George C Mcnamee. View Insider Buying and Selling for Plug Power.
How do I buy shares of Plug Power?
Shares of PLUG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Plug Power's stock price today?
One share of PLUG stock can currently be purchased for approximately $2.80.
How big of a company is Plug Power?
Plug Power has a market capitalization of $705.49 million and generates $174.63 million in revenue each year. The electronics maker earns $-78,110,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis. Plug Power employs 575 workers across the globe.View Additional Information About Plug Power.
What is Plug Power's official website?
How can I contact Plug Power?
Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The electronics maker can be reached via phone at 518-782-7700 or via email at [email protected]
MarketBeat Community Rating for Plug Power (NASDAQ PLUG)
MarketBeat's community ratings are surveys of what our community members think about Plug Power and other stocks. Vote "Outperform" if you believe PLUG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PLUG will underperform the S&P 500 over the long term. You may vote once every thirty days.
